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Excel allows users to directly access stock information and calculate portfolio values without the need for copying, pasting, or importing data externally. This feature is available for Excel 365 subscribers via the Data tab under the 'Data Types' group, specifically labeled as rich data types. To set up a stock portfolio, users can utilize the stock data type, which can convert cells containing company names or ticker symbols (e.g., MSFT) to retrieve relevant stock data. The tutorial emphasizes using these built-in tools to effectively manage and analyze stock portfolios within Excel.